Are you looking for more from your Medicare coverage?

You’re not alone.  Many people find that the coverage provided under original Medicare just isn’t enough.  At Freitas Wealth Management Group we offer solutions that can help.

What is Medicare?

Original Medicare is a government insurance program designed for people who are ages 65 and older, younger individuals with certain disabilities, and anyone with end-stage renal disease (ESRD).  Original Medicare is made up of two parts:

  • Part A which covers inpatient services such as hospitalization, home health care, nursing home care, and hospice.
  • Part B which covers outpatient services such as doctors’ visits, lab work, and other preventive care services.

However, there are some gaps.  Original Medicare doesn’t cover the cost of prescription drugs, and members pay a significant share of costs when they receive care.  That’s where Medicare Advantage (MA), Medicare Supplement, and Medicare Prescription Drug Plans (PDP) can help.

Medicare Advantage

MA plans offer a more comprehensive alternative to Original Medicare.  They include the same benefits as Original Medicare, but also include additional benefits such as vision, dental, hearing and fitness benefits that Original Medicare doesn’t cover.  Most plans include prescription drug coverage as well.

Medicare Supplements

Also known as Medigap plans, these plans help pay costs not covered by Original Medicare such as copayments, coinsurance, and deductibles.  Some Medigap policies also provide coverage for particular services that Original Medicare doesn’t cover such as medical care when traveling outside of the United States.

Prescription Drug Plans

These plans help you save money on prescriptions.  Each plan has a formulary or list of covered drugs and must include a range of drugs in the most common categories.  This makes sure that people with different medical conditions can get the treatment they need.  The plan formulary can change from year to year therefore, it’s important you review your drug coverage each year.

Why Work With Us?

When it comes to Medicare you have many choices, and that can be very confusing.  Being local, we are able to sit down with you face to face, explore your options, and help you select a plan that fits your individual needs.  At Freitas Wealth Management Group we work with all of the major carriers such as Blue Cross Blue Shield of South Carolina, Humana, Aetna, and many more.  Let us help you find the plan that’s just right for you!

Contact Us to Schedule a Free Consultation Today